Germany Backs €46 Billion in Corporate Tax Breaks to Spur Growth

Germany’s cabinet approved a package of tax breaks for companies worth an estimated €46 billion ($52 billion), part of a broader push to revive an economy that’s forecast to stagnate for a third straight year in 2025.

Chancellor Friedrich Merz’s ruling coalition — comprising his conservative CDU/CSU bloc and the Social Democrats — agreed on write-offs of as much as 30% for companies purchasing movable assets between the end of June this year and January 2028, the finance ministry said Wednesday in an emailed statement.

The package, which needs parliamentary approval, also includes additional depreciation benefits for firms ...